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Oasis Petroleum (OAS) Trading Near $9.94 Support Level

Dec 05, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Oasis Petroleum (<a href="http://www.marketintelligencecenter.com/symbol/OAS">OAS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 18, 2019 $8 covered call for a net debit in the $6.70 area. That is also the break-even stock price for the covered call. This trade will return 19.40%, or 17.31% annualized (for comparison purposes only), in 409 days. This covered call also provides 34.95% downside protection. The current 52-week low is $6.69 and the 52-week high is $17.08. Oasis Petroleum stock has been showing support around $9.94 and resistance in the $10.88 range. The stock closed Dec 4, 2017's trading session at $10.30.A

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